Think bank executives bring home the bacon ? Think again.
Citigroup boosted CEO Michael Corbat’s compensation 25% to about $14.4m for 2013, his first full year running the company.
The CEO of a $5 billion hedge fund can expect to make between $7 million and $10 million if the fund returns just 10 percent.
Royal Bank of Canada CEO Gordon Nixon’s 2013 total compensation increased less than 1% from a year earlier as the bank extended its streak of record annual profit.
Wall Street CEOs including Lloyd Blankfein and Jamie Dimon are avoiding a squeeze on pay that helped their firms lower costs in 2013.
JPMorgan Chase gave CEO Jamie Dimon a 74% raise to $20m last year, bringing his pay closer to where it stood before he was penalized for faulty oversight of botched derivatives bets.
U.K. Prime Minister David Cameron said he will seek to bring down the level of compensation per person at Royal Bank of Scotland, hardening his stance on pay at the state-owned lender.
Morgan Stanley Chairman and CEO James Gorman’s compensation package for last year includes a $5.06m stock bonus that’s almost double his 2012 equity award.
Follow the money ?